Romania, The spot price rose again in July – almost four times on an annual basis – to 366 euros per MWh, SEE Energy News
The price of electricity on the spot market of the Romanian stock exchange OPCOM rose again in July, after the increase in the previous two months, to 1,813 leva (366 euros) per MWh, from 1,138 leva (229.8 euros) in June, i.e. 1,000 leva (202 euros ) in May.
This means that compared to the previous month, the spot price has increased by 59%. In July, on several occasions, hourly prices exceeded the level of BGN 3,500 (EUR 706) per MWh.
On an annual basis, the price has increased almost four times (3.8 times) – in July 2021, the price at the closing of the day before the market was 474 BGN (95.8 EUR) per MWh.
From the beginning of 2022, the average price reaches BGN 1,154 (EUR 233) per MWh, based on monthly averages for the first seven months.
The Romanian spot market is very liquid – for example, in June 2022, transactions on DAM covered 52% of the total consumption in the country, which is about 2.15 TWh of electricity. The value of the transactions was 2.52 billion leva (509 million euros).
The electricity spot market in Bucharest is connected to markets in Hungary, the Czech Republic, Slovakia, Austria, Poland and Germany. In October 2021, the Romanian spot market is connected, through the same mechanism, to the market in Bulgaria.